In June 2023, there were revisions to the Unfair Competition Prevention Act, the Trademark Act, the Design Act, the Patent Act, the Utility Model Act, and the Act for Special Measures for Industrial Property Rights to undertake a review of the intellectual property system in response to the demands of the present day, including changes in the digitalization of intellectual property and internationalization, in addition to new use of intellectual property by startups and small and medium size companies, etc..
The revisions are expected to go into force within one year. The primary revisions are as follows: Read more